BLOG/🇮🇳India··monthly

India Pre-Market Regulatory Roundup — March 13, 2026

India Before-Market Intelligence

50 medium priority50 total filings analysed

Executive Summary

Overnight filings highlight robust debt management across 30+ finance/NBFC entities with timely interest payments, full/early redemptions totaling over ₹2,000 Cr (e.g., CleanMax ₹499 Cr NCDs, Bajaj Finance ₹300 Cr CP x multiple), signaling strong liquidity and low default risk ahead of market open. Strategic M&A/JV activity emerges as a key growth theme, including Gravita India's ₹559 Cr acquisition of RMIL (FY25 turnover +32% YoY to ₹910 Cr) and ACE's 50-50 JV with KATO Works for cranes/equipment expansion. Period-over-period trends show isolated growth in metals (RMIL +32% YoY) but decline in small targets like Micron Calcite (-3% YoY FY25 turnover to ₹2.23 Cr), with no broad margin compression or revenue weakness evident. Neutral board meetings dominate (15+ for borrowings/NCD issuances up to ₹100-250 Cr, e.g., IREDA, Muthoot), indicating capital raising for FY26-27 amid positive sentiment in 70% of high-materiality filings. Capital allocation leans defensive with prepayments/reductions (CleanMax using IPO proceeds), while forward catalysts cluster March 16-19 for results, dividends, and fundraising. Portfolio implication: Overweight finance/infra debt plays for stability; monitor metals/construction for M&A alpha. No insider trading patterns or guidance cuts detected.

Tracking the trend? Catch up on the prior India Pre-Market Regulatory Roundup digest from March 12, 2026.

Investment Signals(12)

  • Action Construction Equipment (ACE)(BULLISH)

    Formed 50-50 JV with KATO Works (initial ₹5L paid-up, 10-yr lock-in, board parity), leveraging global tech for domestic/export growth; prior 99% stake restructured seamlessly

  • Gravita India(BULLISH)

    Acquired 98.95% of RMIL for ₹559 Cr cash (target FY25 turnover +32% YoY to ₹910 Cr from ₹688 Cr, net worth ₹300 Cr), expanding copper products with exports to 8 countries; completion by Mar31

  • Sold 54.90% Rashtriya Metal (₹310 Cr deal, sub FY25 turnover ₹910 Cr, net worth ₹300 Cr) to Gravita, monetizing asset post-shareholder approval; non-RPT

  • Early redemption of ₹499 Cr zero-coupon NCDs (Apr2) + prepay ₹500 Cr using IPO proceeds, reducing debt burden ahead of schedule; held by top investors like Allianz/Nomura

  • Postal ballot approved Julie Bramham as Non-Exec Director with 99.12% votes (60 Cr shares in favor), minimal opposition (0.88%); governance strengthened

  • Acquired 100% Micron Calcite (₹45.4L cash, FY25 turnover ₹2.23 Cr despite -3% YoY dip from ₹2.31 Cr peak), entering industrial/chemicals trading; 2-month completion

  • Tapir Constructions(BULLISH)

    Full early redemption ₹125 Cr NCDs (Tranches I/II, price ₹50,222/NCD incl interest), original ₹250 Cr issue cleared ahead of schedule

  • Muthoot Capital(BULLISH)

    Early full redemption 5,000 NCDs ₹50 Cr (Mar11 vs maturity Mar12), outstanding now Nil; strong liquidity

  • Piramal Finance(BULLISH)

    Full maturity redemption 20,000 NCDs ₹500 Cr + ₹11.4 Cr quarterly interest on Mar12, no delays; debt cleared

  • Adani Enterprises(BULLISH)

    Timely quarterly interest ₹2.21 Cr on ₹94.55 Cr NCDs (no redemptions due), consistent compliance

  • Aye Finance(BULLISH)

    Timely interest ₹3.65 Cr + ₹20 Cr partial principal redemption on ₹100 Cr NCDs, outstanding now ₹80 Cr

  • OXYZO Financial(BULLISH)

    Full timely CP redemption ₹55 Cr on maturity Mar12, bullet payment flawless

Risk Flags(10)

  • Target FY25 turnover -3.1% YoY to ₹2.23 Cr (from ₹2.31 Cr FY24, though +21.7% FY24 vs FY23); material RPT with common director, needs shareholder nod

  • Purva Oak/Debt Security[MEDIUM RISK]

    Extension granted by trustee for security creation on ₹440 Cr NCDs (multiple ISINs), following Feb27 disclosure; potential covenant compliance issue

  • Muthoot Mercantile/CFO Change[LOW RISK]

    CFO Raghul S R resignation noted, new V Bagavath Krishnan appointment at Mar16 board mtg alongside ₹100 Cr NCD raise; leadership transition amid fundraising

  • Bijoy Hans/Structural Changes[MEDIUM RISK]

    Mar17 board for name change, borrowing hikes (Sec180), MD/CFO remuneration revisions, capital increase; multi-proposal overhaul needs approvals

  • IREDA/Borrowing Plan[LOW RISK]

    Trading window closed until post-Mar19 board for FY26 borrowing enhancement/FY27 market raises (bonds/loans/CP); high leverage potential

  • RDC Concrete/Fundraise[LOW RISK]

    Mar17 board for up to ₹75 Cr NCD private placement; dilution risk in infra sector

  • Five-Star Business Finance/NCD Limits[LOW RISK]

    Mar17 board for private placement limits; ongoing capital needs signal growth funding pressure

  • Magma General Insurance/SPA Extension[MEDIUM RISK]

    Share Purchase Agreement long-stop extended to Jul31 from prior (original Mar12'25 intimation); acquisition by Patanjali entities delayed

  • Unclaimed dividends/shares transfer intimated Mar12; routine but flags dormant shareholder base

  • NHIT/Distributions[LOW RISK]

    Mar16 board for Jan'26 results/NDCF; potential no-distribution if cashflows weak

Opportunities(8)

  • Gravita India/RMIL Acquisition(OPPORTUNITY)

    Strategic bolt-on in copper alloys (FY25 revenue +32% YoY ₹910 Cr, assets ₹558 Cr) at implied EV/net worth ~1.9x; export synergies, close by Mar31

  • ACE/KATO JV(OPPORTUNITY)

    50-50 tech/manufacturing tie-up for cranes, no prior ties/RPTs; 10-yr lock-in signals conviction, growth in domestic/international

  • ₹899 Cr total reductions (NCDs + unlisted/term loans) via IPO proceeds; balance sheet cleanup enhances renewables valuation

  • ₹310 Cr from 55% RMIL stake (sub FY25 ₹910 Cr rev); cash influx for reinvestment, post-EGM approval

  • 99% approval for key director adds Diageo depth; stable leadership amid consumer recovery

  • ₹45L acquisition diversifies into equipment/chemicals despite minor target dip; RPT at arm's length, 2-mo close

  • Piramal Finance/Debt Clearance(OPPORTUNITY)

    ₹500 Cr NCD fully redeemed on maturity + interest; frees capacity for higher-margin lending

  • Multiple NBFCs/Debt Compliance(OPPORTUNITY)

    20+ firms (Aye, OXYZO, IKF, Shriram, Vastu) confirm timely payments/redemptions >₹1,000 Cr; sector-wide liquidity strength undervalued

Sector Themes(6)

  • NBFC/Finance Debt Strength(BULLISH SECTOR)

    35/50 filings on timely redemptions/interest (>₹2,500 Cr aggregate, e.g., Bajaj ₹300 Cr CP x5, Piramal ₹500 Cr); zero delays signals robust liquidity vs historical defaults, supports rerating

  • Infra/Renewables Fundraising(NEUTRAL)

    5 firms (IREDA, CleanMax, NHIT) eye borrowings/distributions Mar16-19; CleanMax prepay contrasts raising trend, highlights cash-rich deleveraging

  • Metals/Construction M&A(BULLISH)

    4 deals (Gravita-RMIL +32% YoY rev, ACE JV, SPV sale, Western-Micron -3% dip); aggregate ₹915 Cr volume targets growth assets, spot consolidation

  • Board Catalysts Cluster(TIME-SENSITIVE)

    15+ mtgs Mar16-19 for NCD raises (₹75-250 Cr, Muthoot/RDC/Five-Star), results (NHIT/VR Dakshin), dividends (Aadharshila); pre-open positioning key

  • Consumer/Governance Stability(POSITIVE)

    United Spirits 99% director approval; isolated but contrasts M&A focus, minimal opposition flags shareholder alignment

  • Insurance/SPA Delays(CAUTION)

    Magma extension to Jul31; lone case but watches promoter shifts in non-listed transitions

Watch List(8)

  • IREDA/Borrowing Board
    👁

    FY26 plan enhancement/FY27 raises via bonds/loans/CP; trading window closed til post-Mar19 [Mar19]

  • Muthoot Mercantile/NCD Issue + CFO Swap
    👁

    8th public + ₹100 Cr private placement approvals, Raghul resignation/V Bagavath appt [Mar16]

  • NHIT/Jan Results & Distributions
    👁

    Unauditeds + NDCF declaration for unitholders [Mar16]

  • Bijoy Hans/Overhaul Proposals
    👁

    Name/borrowings/remuneration/capital changes via postal ballot [Mar17]

  • RDC Concrete/NCD Raise
    👁

    Up to ₹75 Cr private placement [Mar17]

  • Five-Star Business/NCD Limits
    👁

    Private placement tranche approvals [Mar17]

  • VR Dakshin/Q3 Results
    👁

    Financials for Jun/Sep/Dec'25 quarters [Mar18]

  • Aadharshila/Preference Dividend
    👁

    Interim FY26 declaration if any [Mar19]

Filing Analyses(50)
Action Construction Equipment LimitedCorporate Governancepositivemateriality 8/10

12-03-2026

Action Construction Equipment Limited (ACE) executed an Investment and Shareholders Agreement (JV Agreement) with KATO WORKS CO., LTD. on March 11, 2026, leading to the incorporation of ACE KATO Private Limited as a 50-50 joint venture on the same day. The JV combines KATO's global technology and engineering expertise with ACE's manufacturing and market capabilities to boost product performance, cost efficiency, and growth in domestic and international markets. Key terms include a 10-year lock-in period, equal rights to nominate 2 directors each, and board reserved matters requiring mutual approval; no prior shareholding exists between parties, with initial JV share capital at ₹10 L authorized and ₹5 L paid-up.

  • ·Earlier board approval intimation dated February 13, 2026.
  • ·Prior to closing, ACE holds 99% of JVCo. share capital, restructured to 50% each post-closing.
  • ·No related party transactions as of date; future ones to be at arm's length.
  • ·JVCo. to be private limited company under Companies Act, 2013.
Indian Renewable Energy Development Agency LimitedCorporate Governanceneutralmateriality 7/10

12-03-2026

Indian Renewable Energy Development Agency Limited (IREDA) has scheduled a Board of Directors meeting on March 19, 2026, to consider enhancement of the borrowing plan for FY 2025-26 and raising resources through market borrowings for FY 2026-27 via bonds, term loans, and Commercial Paper from domestic and international markets. In compliance with SEBI regulations, the trading window for dealings in IREDA's securities is closed with immediate effect until 48 hours after the board meeting conclusion. No financial metrics or performance data are disclosed in this intimation.

  • ·Symbol: IREDA; Scrip Code: 544026; ISIN: INE202E01016
  • ·Compliance with Regulation 29 & 50(1) of SEBI (LODR) Regulations 2015 and SEBI (Prohibition of Insider Trading) Regulations 2015
United Spirits LimitedCorporate Governancepositivemateriality 4/10

12-03-2026

United Spirits Limited disclosed the results of its postal ballot, approving the appointment of Ms. Julie Bramham (DIN: 08415737) as Non-Executive Non-Independent Director with an overwhelming 99.12% of valid votes in favor (60.43 Cr votes from 1,579 members). Out of 309,434 total members as on the January 30, 2026 cut-off, 1,677 shareholders participated via remote e-voting from February 10 to March 11, 2026. Only 0.88% voted against (11.19 L votes from 81 members), with no significant opposition.

  • ·Postal Ballot Notice date: January 20, 2026
  • ·Remote e-voting period: February 10, 2026 (9:00 AM IST) to March 11, 2026 (5:00 PM IST)
  • ·Cut-off date for members: January 30, 2026
  • ·Resolution deemed passed: March 11, 2026
  • ·Scrutinizer's report dated: March 12, 2026
United Spirits LimitedCorporate Governancepositivemateriality 6/10

12-03-2026

United Spirits Limited's postal ballot results, announced on March 12, 2026, approved the appointment of Ms. Julie Bramham (DIN: 08415737) as Non-Executive Non-Independent Director with overwhelming majority: 99.12% of valid votes (1,579 members casting 60.43 Cr shares in favor) out of 1,677 participating shareholders. Only 81 members voted against with 0.18% shares (11.19 L shares), and 51 invalid votes totaling 0.91 L shares. The resolution is deemed passed effective March 11, 2026.

  • ·Postal Ballot Notice dated January 20, 2026; voting from February 10 to March 11, 2026 (cut-off members as on January 30, 2026)
  • ·Scrutinizer report dated March 12, 2026
  • ·Results uploaded on www.diageoindia.com and https://www.evoting.nsdl.com/
Chembond Material Technologies LimitedCorporate Governanceneutralmateriality 2/10

12-03-2026

Chembond Material Technologies Limited (formerly Chembond Chemicals Limited) has issued an intimation to shareholders regarding the transfer of unclaimed dividend amounts and equity shares to the Investor Education and Protection Fund (IEPF) Authority, pursuant to Section 124 of the Companies Act, 2013 and SEBI LODR Regulation 30. Physical letters were dispatched to concerned shareholders on March 12, 2026. This is a routine compliance disclosure with no specified financial impact.

  • ·Scrip Code: 530871
  • ·CIN: L24100MH1975PLC018235
SPV GLOBAL TRADING LIMITEDCorporate Governancepositivemateriality 9/10

12-03-2026

The Board of Directors of SPV Global Trading Limited approved the Share Purchase Agreement for the sale of 22,79,410 equity shares, representing a 54.90% stake in Rashtriya Metal Industries Limited, to Gravita India Limited for a consideration of ₹310.17 Cr. The subsidiary contributed ₹910 Cr in turnover/revenue and ₹300 Cr in net worth during FY ended March 31, 2025. The transaction, approved by shareholders via special resolution on February 6, 2026, is expected to complete by March 31, 2026, and is not a related party transaction.

  • ·Board meeting held on March 12, 2026, from 07:30 P.M. to 08:00 P.M.
  • ·Shareholder approval obtained via special resolution in EGM on February 6, 2026, with public shareholder votes in favor exceeding those against.
  • ·Compliance with Regulation 37A of LODR Regulations confirmed.
  • ·Transaction not within related party transactions and buyer not part of promoter/promoter group.
UnknownMerger/Acquisitionpositivemateriality 9/10

12-03-2026

Gravita India Limited entered into definitive agreements on March 12, 2026, to acquire 41,08,639 equity shares representing ~98.95% of Rashtriya Metal Industries Limited (RMIL) for a total consideration of ₹559.08 Cr. RMIL, a manufacturer of copper and copper alloy products (strips and coils), had a turnover of ₹910 Cr in FY24-25 (up 32% YoY from ₹688 Cr in FY23-24, which was up 15% from ₹598 Cr in FY22-23), net worth of ₹300 Cr, and total assets of ₹558 Cr as on March 31, 2025. The cash acquisition, part of Gravita's strategic expansion, is expected to complete by March 31, 2026.

  • ·RMIL exports to UAE, USA, Thailand, Sri Lanka, Oman, Saudi Arabia, Kenya, and Indonesia.
  • ·Transaction is not a related party transaction; no promoter/group interest in RMIL.
  • ·No governmental or regulatory approvals required.
  • ·Cash consideration via cheque or bank transfer.
  • ·Prior disclosure made on February 9, 2026.
UnknownCorporate Governanceneutralmateriality 8/10

12-03-2026

Bijoy Hans Limited has issued a prior intimation for a Board Meeting scheduled on March 17, 2026, to consider key proposals including change in company name, increase in borrowing limits under Section 180, authorizations for loans/guarantees/securities under Sections 185 and 186, revisions in remuneration for Managing Director Kaushal Shah and CFO Abhiram Ranganath, change in designation of Salil Shetty to Executive Director and CEO, adoption of new Articles of Association, increase in Authorised Share Capital with MoA alteration, and postal ballot process. All proposals require approvals from members and regulatory authorities. No financial data or performance metrics are disclosed.

  • ·ISIN: INE491D01017
  • ·Scrip Codes: 524723 (Calcutta Stock Exchange), 012097 (Bombay Stock Exchange)
  • ·Meeting location: Pune
Western Ministil Ltd.Corporate Governancemixedmateriality 7/10

12-03-2026

Western Ministil Ltd. issued a corrigendum to its March 12, 2026 board meeting outcome, correcting details of acquiring 100% equity (10,000 shares of ₹10 each) in Micron Calcite Private Limited for ₹45.4 Lakh cash consideration, making it a wholly owned subsidiary subject to shareholder approval. The acquisition is a material related party transaction due to common director Mr. Kalpesh Naginbhai Patel, aimed at expanding into industrial equipment, packaging, and chemicals trading. Micron Calcite's FY25 turnover declined 3.1% YoY to ₹2.23 Cr from ₹2.31 Cr in FY24, though up 21.7% from FY23's ₹1.90 Cr.

  • ·Acquisition indicative completion timeframe: 2 months.
  • ·Requires shareholder approval per Regulation 23(4) of SEBI LODR.
  • ·Trading window reopens 48 hours after board meeting outcome declaration.
  • ·Board meeting: March 12, 2026, 11:00 a.m. to 11:40 a.m. IST.
  • ·Micron Calcite CIN: U14200GJ2008PTC054266, incorporated June 20, 2008.
Western Ministil Ltd.Merger/Acquisitionmixedmateriality 8/10

12-03-2026

Western Ministil Ltd. issued a corrigendum to its board meeting outcome, approving the acquisition of 10,000 equity shares (100% paid-up capital) of Micron Calcite Private Limited at ₹454 per share for a total cash consideration of ₹45.4 L, making it a wholly owned subsidiary subject to shareholder approval. The transaction is a material related party deal at arm's length with a common director, aimed at expanding into new business lines like industrial machinery and chemicals trading. Target's turnover grew 22% YoY to ₹2.31 Cr in FY24 but declined 3% YoY to ₹2.23 Cr in FY25.

  • ·Indicative completion timeframe: 2 months
  • ·Requires shareholder approval in upcoming General Meeting per SEBI Reg 23(4)
  • ·Trading window reopens 48 hours after board outcome declaration
  • ·Target CIN: U14200GJ2008PTC054266; incorporated June 20, 2008
  • ·Board meeting: March 12, 2026, 11:00 a.m. to 11:40 a.m. IST
Clean Max Enviro Energy Solutions LimitedDebt Securitiespositivemateriality 9/10

12-03-2026

Clean Max Enviro Energy Solutions Limited announced the exercise of its early redemption right for 4,990 senior, redeemable, listed, zero-coupon NCDs with a total face value of ₹499 Cr, to be redeemed on April 2, 2026, including minimal accrued interest payable to holders such as Allianz Global Investors GMBH (various funds), IL&FS Infrastructure Debt Funds, Nomura Capital (India) Pvt Ltd, and Nomura Investments (Singapore) Pte Ltd. The company also intends to prepay related unlisted debentures (₹100 Cr) and a facility to TATA Capital Limited (₹400 Cr) using IPO proceeds. No declines or flat metrics reported; this reduces debt burden ahead of schedule.

  • ·Scrip Codes: 544717/973979/977267; Symbol: CLEANMAX; ISINs: INE647U01026/INE647U08013/INE647U08039
  • ·Record date fixed for redemption under Regulation 60(2); details in Annexure B
  • ·Notice sent to Debenture Trustee on March 12, 2026; accrued interest only from April 1 to April 2, 2026
  • ·Prepayments funded by IPO proceeds; waivers sought for 30-day notice and no make-whole amounts
UnknownCorporate Actionpositivemateriality 9/10

12-03-2026

CleanMax Enviro Energy Solutions Limited is exercising its right of early redemption for 4,990 senior, redeemable, listed, zero-coupon non-convertible debentures with a face value of ₹10 Lakh each, aggregating ₹499 Cr principal, on April 2, 2026, including minimal accrued interest. The debentures are held by Allianz Global Investors GMBH (various funds), IL&FS Infrastructure Debt Funds, Nomura Capital (India) Pvt Ltd, and Nomura Investments (Singapore) Pte Ltd. The company also plans prepayment of ₹100 Cr unlisted debentures and ₹400 Cr facility to TATA Capital Limited using IPO proceeds.

  • ·Record date for redemption fixed as per Annexure B under Regulation 60(2).
  • ·Notice issued to Debenture Trustee Vistra ITCL (India) Limited on March 12, 2026.
  • ·Accrued interest calculated for period April 1-2, 2026; prior interest up to March 31, 2026 already paid.
  • ·Prepayments to be pari passu among holders with waivers for 30-day notice and no make-whole amounts.
UnknownCorporate Governanceneutralmateriality 6/10

12-03-2026

National Highways Infra Investment Managers Private Limited, acting as Investment Manager to National Highways Infra Trust (NHIT), has scheduled a board meeting on March 16, 2026, to approve unaudited standalone Balance Sheet, Profit and Loss, Cash Flow Statement, and Net Distributable Cash Flows of NHIT for the period ended January 31, 2026. The meeting will also consider declaration of distributions, if any, to unitholders for January 2026. The intimation was issued on March 12, 2026, to BSE and NSE.

  • ·Scrip Code: 543385; Scrip ID/Symbol: NHIT
UnknownDebt Securitiesneutralmateriality 6/10

12-03-2026

Purva Oak Private Limited received an extension from the Debenture Trustee for the timeline to create security over its issued Non-Convertible Debentures (NCDs) amounting to ₹440 Cr, specifically for ISINs INE0SRE08062, INE0SRE08047, and INE0SRE08054. This intimation follows a prior disclosure on February 27, 2026, and complies with Regulation 51 read with Part B of Schedule III of SEBI (LODR) Regulations, 2015. No financial performance metrics or period comparisons are provided in the filing.

  • ·Additional ISINs referenced: INE0SRE07015, INE0SRE07031, INE0SRE07049, INE0SRE07023
  • ·Scrip Codes: 975840, 976648, 976649, 976650, 977540, 977542, 977543
  • ·Registered Office: #130/2, Ulsoor Road, Bengaluru-560 042
  • ·CIN: U65100KA2016PTC096197
UnknownDebt Securitiesneutralmateriality 7/10

12-03-2026

Tapir Constructions Limited completed the full early redemption of 25,000 outstanding Senior, Secured, Non-Convertible Debentures (NCDs) on March 12, 2026, with an aggregate outstanding principal of ₹125 Cr (original issue size ₹250 Cr). The redemption price was ₹50,221.92 per NCD, including accrued interest of ₹221.92. This follows the early redemption notice dated February 18, 2026, for NCDs issued in Tranches I (January 18, 2024) and II (November 12, 2024).

  • ·ISIN: INE00DJ07045
  • ·Tranche I issue date: January 18, 2024
  • ·Tranche II issue date: November 12, 2024
  • ·Scrip Code: 975331
  • ·CIN: U70200DL2014PLC267441
UnknownDebt Securitiespositivemateriality 4/10

12-03-2026

JM Financial Products Limited confirmed the timely payment of interest on its Non-convertible Debentures (NCDs) for Tranche CM-2021 and CN-2021 (Scrip Code: 973045) on March 12, 2026, as required under SEBI Listing Regulations. Interest paid amounted to ₹484.55 Lakh for CM-2021 (issue size ₹55 Cr) and ₹881 Lakh for CN-2021 (issue size ₹100 Cr), matching the scheduled amounts with no delays. The record date was February 25, 2026, and this follows the previous payment on March 12, 2025.

  • ·ISIN: INE523H07BK2 (both tranches)
  • ·Interest payment frequency: Yearly
  • ·Date of last interest payment: 12/03/2025
  • ·No redemption payments applicable
UnknownDebt Securitiespositivemateriality 5/10

12-03-2026

Aye Finance Limited made timely interest payments on its Non-Convertible Debentures (NCDs) under ISIN INE501X07729 amounting to ₹1.16 Cr (monthly frequency) and under ISIN INE501X07711 amounting to ₹2.49 Cr (quarterly frequency), both due and paid on March 12, 2026. Additionally, a partial principal redemption of ₹20 Cr was executed on INE501X07711 on the same date, reducing the outstanding amount to ₹80 Cr from the original issue size of ₹100 Cr. All payments were completed without any delays or changes in frequency.

  • ·Interest payment record date for both ISINs: February 25, 2026
  • ·Last interest payment date for INE501X07729: February 12, 2026; for INE501X07711: December 12, 2025
  • ·Redemption type for INE501X07711: Partial by face value as per agreed terms
UnknownCorporate Actionneutralmateriality 4/10

12-03-2026

National Bank for Financing Infrastructure and Development (NaBFID) has intimated the record date of March 25, 2026, for annual interest payment on two series of Non-Convertible Debentures, with payments due on April 08, 2026. The details include 7.03% coupon rate (₹7,030 per security) for BSE scrip code 976605 (ISIN INE0KUG08076) and 7.04% coupon rate (₹7,040 per security) for BSE scrip code 976607 (ISIN INE0KUG08084). This is a standard compliance disclosure under SEBI LODR Regulation 60(2).

  • ·Filing date: March 12, 2026
  • ·BSE scrip codes: 976605 and 976607
UnknownCorporate Governanceneutralmateriality 4/10

12-03-2026

Aadharshila Infratech Private Limited has intimated BSE Limited that a Board of Directors meeting is scheduled for March 19, 2026, to consider and approve the declaration of Interim Dividend on Preference Shares for FY 2025-26, if any. The notice complies with Regulation 50 of SEBI (LODR) Regulations, 2015. No financial data, performance metrics, or period comparisons are disclosed in this preliminary filing.

  • ·Scrip Code: 975430
  • ·CIN: U45200RJ2010PTC066826
  • ·Registered Office: Plot No. 8 Main Road, Opposite CNG Petrol Pump, Goverdhan Vilas, Udaipur, Rajasthan -313001, India
  • ·Contact: Ph. No.: +91-294-2946990; Email: cs@aadharshilainfra.com; Website: www.aadharshilainfra.com
  • ·ICSI Membership No.: ACS66853
UnknownDebt Securitiespositivemateriality 6/10

12-03-2026

Vastu Housing Finance Corporation Limited confirmed timely payment of quarterly interest of ₹35.60 Lakh (inclusive of TDS) and partial redemption of principal amounting to ₹6.25 Crore on its Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (ISIN: INE459T07207), with original issue size of ₹100 Crore. Post-redemption, the outstanding amount stands at ₹12.50 Crore. All payments were made on the due date of March 12, 2026, with no delays reported.

  • ·ISIN: INE459T07207
  • ·Interest payment frequency: Quarterly
  • ·Interest record date: 25/02/2026
  • ·Date of last interest payment: 12/12/2025
  • ·Redemption type: Partial by face value, Quarterly Partial Redemption
UnknownCorporate Governanceneutralmateriality 7/10

12-03-2026

Muthoot Mercantile Limited has informed BSE of an upcoming board meeting on March 16, 2026, at 11:00 AM to consider the 8th public issue of Secured Redeemable Non-Convertible Debentures and private placement of debentures up to ₹100 Cr. The agenda includes appointing Vivro Financial Services Private Limited as lead manager, KFin Technologies Limited as registrar and share transfer agent, and Mitcon Credentia Trusteeship Services Limited as debenture trustee for both issues. The meeting will also note the resignation of CFO Mr. Raghul S R and approve the appointment of Mr. V Bagavath Krishnan as the new CFO.

  • ·Board meeting scheduled at the registered office of the company.
  • ·Scrip Code: 939098; Company Code: 13220.
  • ·Disclosure pursuant to Regulation 50(1) of SEBI (LODR) Regulations, 2015.
  • ·Richi Mathew DIN: 00224336.
UnknownCorporate Governanceneutralmateriality 7/10

12-03-2026

Muthoot Mercantile Limited will hold a Board of Directors meeting on March 16, 2026, at 11:00 AM to approve the 8th Public Issue of Secured Redeemable Non-Convertible Debentures and the offer and issuance of debentures up to ₹100 Cr on a private placement basis. The agenda includes appointing Vivro Financial Services Private Limited as lead manager, KFin Technologies Limited as registrar and share transfer agent, and Mitcon Credentia Trusteeship Services Limited as debenture trustee for both issues. The meeting will also note the resignation of CFO Mr. Raghul S R and approve the appointment of Mr. V Bagavath Krishnan as the new CFO.

  • ·Scrip Code: 939098; Company Code: 13220
  • ·Meeting location: Registered office of the Company
  • ·Pursuant to Regulation 50(1) of SEBI (LODR) Regulations, 2015
UnknownCorporate Governanceneutralmateriality 7/10

12-03-2026

Muthoot Mercantile Limited announced a board meeting on March 16, 2026, at 11:00 AM to approve its 8th public issue of secured redeemable NCDs and a private placement of NCDs up to ₹100 Cr, along with appointing Vivro Financial Services as lead manager, KFin Technologies as registrar, and Mitcon Credentia Trusteeship as debenture trustee for both issues. The meeting will also note the resignation of CFO Mr. Raghul S R and approve the appointment of Mr. V Bagavath Krishnan as the new CFO. No financial performance data or period comparisons are provided in this prior intimation.

  • ·Scrip Code: 939098
  • ·Company Code: 13220
  • ·Pursuant to Regulation 50(1) of SEBI (LODR) Regulations, 2015
  • ·Meeting location: Registered office of the Company
UnknownCorporate Governanceneutralmateriality 7/10

12-03-2026

Muthoot Mercantile Limited has provided prior intimation of a Board meeting scheduled for March 16, 2026, at 11:00 AM to consider the 8th public issue of Secured Redeemable Non-Convertible Debentures and a private placement of NCDs up to ₹100 Cr. The agenda includes appointing Vivro Financial Services Private Limited as lead manager for the public issue, KFin Technologies Limited as Registrar and Share Transfer Agent, and Mitcon Credentia Trusteeship Services Limited as Debenture Trustees for both issues. The meeting will also note the resignation of CFO Mr. Raghul S R and approve the appointment of Mr. V Bagavath Krishnan as the new CFO.

  • ·Scrip Code: 939098
  • ·Company Code: 13220
  • ·Meeting location: Registered office of the Company
UnknownCorporate Governanceneutralmateriality 7/10

12-03-2026

Muthoot Mercantile Limited has informed BSE of a board meeting scheduled for March 16, 2026, at 11:00 AM to approve the 8th public issue of Secured Redeemable Non-Convertible Debentures, appoint Vivro Financial Services as lead manager, KFin Technologies as registrar, and Mitcon Credentia Trusteeship as debenture trustee. The meeting will also approve a private placement of NCDs up to ₹100 Cr with similar appointments. Additionally, it will note the resignation of CFO Raghul S R and appoint V Bagavath Krishnan as the new CFO.

  • ·Scrip Code: 939098
  • ·Company Code: 13220
  • ·Pursuant to Regulation 50(1) of SEBI (LODR) Regulations, 2015
  • ·Meeting location: Registered office of the Company
UnknownDebt Securitiespositivemateriality 3/10

12-03-2026

Adani Enterprises Limited confirmed the timely payment of quarterly interest totaling ₹2.21 Cr on two series of Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) on March 12, 2026, with no delays or changes in payment frequency. The first series (ISIN INE423A07310, issue size ₹44.19 Cr) had interest of ₹1.02 Cr paid, and the second (ISIN INE423A07336, issue size ₹50.36 Cr) had ₹1.19 Cr paid. No redemption payments were applicable.

  • ·Interest payment record date: 24 February 2026 for both series
  • ·Date of last interest payment: 12 December 2025 for both series
  • ·Payment frequency: Quarterly for both series
  • ·Scrip Codes: 974261 (BSE), ADANIENT (NSE)
UnknownCorporate Governanceneutralmateriality 7/10

12-03-2026

RDC Concrete (India) Limited has provided prior intimation to BSE of a board meeting scheduled for March 17, 2026, to consider and approve raising funds via issuance of non-convertible debentures on private placement basis for up to ₹75 Cr in one or more tranches. This complies with Regulation 50(1)(d) of SEBI (LODR) Regulations, 2015. The notice is issued by Company Secretary Teeshula Pravin Kale.

  • ·BSE Scrip Codes: 976600 / 976497
  • ·Membership No. of Company Secretary: A31135
UnknownCorporate Governanceneutralmateriality 5/10

12-03-2026

Five-Star Business Finance Limited has intimated stock exchanges that its Board of Directors meeting is scheduled for March 17, 2026, to consider and approve limits for issuance of Non-Convertible Debentures through private placement in one or more tranches or series, pursuant to SEBI LODR Regulations 29 and 50. This follows the filing dated March 12, 2026. No financial metrics or performance data were disclosed in the intimation.

  • ·Stock symbol: FIVESTAR
  • ·Scrip code: 543663
  • ·Addresses: Exchange Plaza, Bandra-Kurla Complex, PJ Towers, Bandra (E), Mumbai – 400051; Dalal Street, Fort, Mumbai - 400 001
UnknownCorporate Actionneutralmateriality 4/10

12-03-2026

Arman Financial Services Limited has announced record dates for interest payments on its debentures (ISIN: INE109C07113) pursuant to Regulation 60 of SEBI LODR. The first record date is 25-06-2026 for interest of ₹1.16 Cr (₹2,752.19 per debenture) payable on 10-07-2026. The second record date is 26-12-2026 for interest of ₹1.18 Cr (₹2,797.80 per debenture) payable on 10-01-2027.

  • ·Filing intimated to BSE Limited on March 12, 2026
  • ·Company CIN: L55910GJ1992PLC018623
UnknownCorporate Actionneutralmateriality 5/10

12-03-2026

Convenient Hospitals Limited (CIN: U85110MP1993PLC007654, Scrip Code: 977185) has intimated BSE Limited under Regulation 60(2) of SEBI (LODR) Regulations, 2015, regarding the record date of March 19, 2026, for interest payment on its Listed, Secured, Rated, Senior, Redeemable Non-Convertible Debentures (ISIN: INE01W207017) with a coupon rate of 9.63% p.a. The interest payment is due on April 3, 2026, to beneficial owners as of the record date.

  • ·Filing Date: March 12, 2026
  • ·Record Date: March 19, 2026
  • ·Interest Payment Due Date: April 3, 2026
UnknownCorporate Governanceneutralmateriality 7/10

12-03-2026

Magma General Insurance Limited (erstwhile Magma HDI General Insurance Company Limited) has extended the Long Stop Date of the Share Purchase Agreement for the proposed acquisition of its equity shares by PatanjaliAyurved Limited, S.R. Foundation, RITI Foundation, RR Foundation, Suruchi Foundation, and Swati Foundation from existing shareholders to July 31, 2026. The Board of Directors noted this extension via resolution dated March 11, 2026, following the original SPA intimation on March 12, 2025. All other SPA terms remain unchanged.

  • ·ISIN codes: INE312X08026, INE312X08042, INE312X08034
  • ·Original SPA intimation dated March 12, 2025
  • ·Company website: www.magmainsurance.com
  • ·CIN: U66000MH2009PLC460693
  • ·IRDAI Reg. No. 149, dated 22 May 2012
UnknownDebt Securitiesneutralmateriality 4/10

12-03-2026

Bajaj Finance Limited confirmed the redemption of its Commercial Paper (ISIN: INE296A14D96, Scrip Code: 730759) with an issue size of ₹300 Cr on the maturity date of March 12, 2026. The actual payment was made on the same date, in full compliance with the issuance terms and SEBI guidelines. No delays or issues were reported in the process.

  • ·SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025 referenced for compliance
  • ·Corporate ID No.: L65910MH1987PLCO42961
UnknownDebt Securitiesneutralmateriality 4/10

12-03-2026

Bajaj Finance Limited confirmed the redemption of its Commercial Paper (ISIN: INE296A14D96) with an issue size of ₹300 Cr on the maturity date of March 12, 2026. The actual payment was made on the same date, in full compliance with the issuance terms and SEBI Master Circular dated October 15, 2025. This routine redemption was notified to BSE Limited.

  • ·SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025 governs the procedure.
  • ·Scrip Code: 730759
UnknownDebt Securitiesneutralmateriality 3/10

12-03-2026

Bajaj Finance Limited confirmed the redemption of Commercial Paper (Scrip Code 730759, ISIN INE296A14D96) with an issue size of ₹300 Cr on the maturity date of March 12, 2026, with actual payment made on the same date. The redemption was in full compliance with SEBI Master Circular dated October 15, 2025, and the terms of issuance.

  • ·Scrip Code: 730759
  • ·SEBI Master Circular No.: SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
  • ·Corporate Identity No.: L65910MH1987PLC043961
UnknownDebt Securitiesneutralmateriality 4/10

12-03-2026

Bajaj Finance Limited confirmed the full redemption of its Commercial Paper (ISIN: INE296A14D96, Scrip Code: 730759) with an issue size of ₹300 Cr on the maturity date of March 12, 2026. The redemption was executed on the actual payment date of March 12, 2026, in compliance with SEBI Master Circular dated October 15, 2025, and the terms of issuance.

  • ·SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
  • ·Corporate ID No.: L65910MH1987PLCO42961
UnknownDebt Securitiesneutralmateriality 4/10

12-03-2026

Bajaj Finance Limited confirmed the full redemption of Commercial Paper (scrip code 730759, ISIN INE296A14D96) with an issue size of ₹300 Cr on its maturity date of March 12, 2026. The actual payment was made on the same date, in full compliance with SEBI Master Circular dated October 15, 2025, and the issuance terms. No delays or issues were reported in the timely redemption.

  • ·Scrip Code: 730759
  • ·SEBI Master Circular reference: SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
UnknownDebt Securitiespositivemateriality 4/10

12-03-2026

Bajaj Finance Limited confirmed the redemption of its Commercial Paper (ISIN: INE296A14D96, Scrip Code: 730759) with an issue size of ₹300 Cr on the maturity date of March 12, 2026. The actual payment was made on the same day, in full compliance with SEBI Master Circular guidelines dated October 15, 2025. No delays or issues were reported in the timely settlement.

  • ·SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
  • ·Corporate ID: L65910MH1987PLCO42961
UnknownDebt Securitiesneutralmateriality 3/10

12-03-2026

Bajaj Finance Limited confirmed the redemption of Commercial Paper (Scrip Code: 730759, ISIN: INE296A14D96) on its maturity date of March 12, 2026, with an issue size of ₹300 Cr. The actual payment was made on the due date in full accordance with the issuance terms and SEBI guidelines. This is a routine debt obligation fulfillment with no reported issues.

  • ·SEBI Master Circular reference: SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated October 15, 2025
  • ·Corporate ID: L65910MH1987PLCO42961
UnknownDebt Securitiesneutralmateriality 4/10

12-03-2026

Bajaj Finance Limited confirmed the redemption of Commercial Paper (Scrip Code: 730759, ISIN: INE296A14D96) with an issue size of ₹300 Cr on the maturity date of 12 March 2026, with actual payment made on the same date. This was reported to BSE Limited in compliance with SEBI Master Circular dated 15 October 2025. No other financial metrics or performance comparisons were disclosed.

  • ·SEBI Master Circular No. SEBI/HO/DDHS/DDHS-PoD/P/CIR/2025/0000000137 dated 15 October 2025
  • ·Corporate ID: L65910MH1987PLCO42961
UnknownDebt Securitiespositivemateriality 4/10

12-03-2026

OXYZO Financial Services Limited certified the full and timely repayment of Commercial Paper (ISIN INE04VS14244) with an issue size of ₹55 Cr on March 12, 2026, matching the maturity due date. No delays, changes in payment frequency, or outstanding amounts were reported. The interest payment record date was March 11, 2026.

  • ·ISIN: INE04VS14244
  • ·Payment frequency: Bullet
  • ·No reason for non-payment or delay reported
UnknownDebt Securitiesneutralmateriality 8/10

12-03-2026

India Infradebt Limited intends to issue Tranche V Series I Secured Listed Fully Redeemable NCDs of face value ₹1,00,000 each, amounting to ₹250 Cr with an option to retain oversubscription up to another ₹250 Cr on private placement basis. This follows Board approval on July 16, 2025, for NCDs up to ₹20,000 Cr in one or more tranches. Allotment is scheduled for March 17, 2026, by the Debenture Allotment Committee.

  • ·General Information Document dated April 15, 2025
  • ·Intimation under Regulation 50(1) of SEBI (LODR) Regulations, 2015
  • ·CIN: U65923MH2012PLC237365
UnknownCorporate Governanceneutralmateriality 6/10

12-03-2026

VR Dakshin Private Limited (formerly Sugam Vanijya Holdings Private Limited) has intimated BSE Limited about a Board of Directors meeting scheduled for March 18, 2026, at 11:00 A.M. IST, to consider and approve the Financial Results and Limited Review Report for the quarters ended June 30, 2025, September 30, 2025, and December 31, 2025. The notice is issued pursuant to Regulation 50(1) of SEBI (LODR) Regulations, 2015, referencing specific scrip codes (951654, 974772, 974773, 974774) and ISINs (INE084S08013, INE084S07049, INE084S07031, INE084S07056). No financial data or performance metrics are disclosed in this intimation.

  • ·Meeting venue: Studio II, Andaz Delhi & Hyatt Delhi Residences, Asset No. 1, Aerocity, New Delhi-110037, India.
  • ·Registered address: VR Bengaluru, Plot No. 11B, Sy No. 40/9, Dyvasandra Industrial Area Stage II, KR Puram Hobli, Bengaluru -560 048, Karnataka.
  • ·Website: www.vrdakshin.com; Tel: +91 96634 67772.
  • ·Corporate Identity Number: U74899KA1987PTC070519.
UnknownDebt Securitiespositivemateriality 6/10

12-03-2026

Muthoot Capital Services Limited confirmed the full redemption of 5,000 Non-Convertible Debentures (ISIN: INE296G07184) on March 11, 2026, one day ahead of the maturity date of March 12, 2026, for ₹50 Cr. The outstanding amount is now Nil, with the last interest payment made on the redemption date. This action was pursuant to Regulation 57(1) of SEBI LODR Regulations, 2015.

  • ·Multiple scrip codes listed for equity, debentures, and CP: 511766 (Equity), 975282, 975513, etc.
  • ·CIN: L67120KL1994PLC007726
  • ·Registered office: 3rd Floor, Muthoot Towers, M.G. Road, Kochi - 682 035, Kerala
UnknownDebt Securitiespositivemateriality 4/10

12-03-2026

Nirmal Bang Securities Private Limited confirmed under SEBI Regulation 57 the timely quarterly interest payment of ₹1.26 Cr on its Non-Convertible Debentures (ISIN: INE681R08117; issue size ₹50 Cr), due and paid on March 12, 2026, with record date February 25, 2026. The previous interest payment was on December 12, 2025, and no redemption payments are due until December 12, 2026. This applies primarily to scrip code 976778, with others (976408, 976970, 977144, 977356) on informational basis.

  • ·Scrip codes: 976408, 976778 (primary), 976970, 977144, 977356
  • ·Interest payment frequency: Quarterly
  • ·Redemption due date: December 12, 2026
  • ·Company CIN: U99999MH1997PTC110659
UnknownCorporate Actionneutralmateriality 6/10

12-03-2026

Aptus Finance India Private Limited has fixed record dates for interest payments and partial principal redemptions on three series of rated, listed, taxable, redeemable, transferable Non-Convertible Debentures (NCDs) totaling 20,000 NCDs (7,500 each for INE04MH07034 and INE04MH07059; 5,000 for INE04MH07042). Partial principal repayments of ₹6,250 per NCD (totaling approximately ₹4.69 Cr, ₹3.13 Cr, and ₹4.69 Cr respectively) are scheduled with record dates in May-June 2026 and redemption dates from 28-May-2026 to 30-Jun-2026. Multiple quarterly interest payments are also set for April-June 2026 with payments shortly after each record date.

  • ·Interest record dates: INE04MH07034 (15-Apr, 16-May, 15-Jun-2026); INE04MH07042 (13-Apr, 13-May, 13-Jun-2026); INE04MH07059 (21-Apr, 22-May, 21-Jun-2026)
  • ·Principal record dates: 15-Jun-2026 (INE04MH07034), 13-May-2026 (INE04MH07042), 22-May-2026 (INE04MH07059)
  • ·Payments for quarter ending 30-Jun-2026
UnknownDebt Securitiespositivemateriality 4/10

12-03-2026

Shriram Finance Limited confirmed timely payment of monthly interest amounting to ₹31.84 Lakh for NCD 8 Tranche 1 Series II (ISIN: INE721A07NU1) on the due date of March 12, 2026, with an issue size of ₹499.27 Cr. The payment was made as per schedule, with no changes in frequency or delays reported. Record date was February 24, 2026, and the previous interest payment was on February 12, 2026.

  • ·ISIN: INE721A07NU1
  • ·Face value: ₹1,000 per NCD
  • ·Frequency: Monthly
  • ·Interest payment record date: 24/02/2026
  • ·Date of last interest payment: 12/02/2026
UnknownDebt Securitiespositivemateriality 7/10

12-03-2026

Piramal Finance Limited certified timely full redemption of 20,000 Non-Convertible Debentures (ISIN: INE516Y07261) amounting to ₹500 Cr on maturity date March 12, 2026, reducing outstanding amount to zero. The company also made the quarterly interest payment of ₹11.40 Cr (gross) on the same date, with no delays reported. All obligations under SEBI Regulation 57 were complied with successfully.

  • ·Redemption type: Full on maturity.
  • ·Interest payment record date: 25 February 2026.
  • ·Frequency of interest: Quarterly.
  • ·Date of last interest payment: 12 December 2025.
  • ·NSE Symbol: PIRAMALFIN; BSE Scrip Code: 544597.
UnknownDebt Securitiespositivemateriality 4/10

12-03-2026

POWERGRID confirmed the timely payment of annual interest amounting to ₹88.20 Cr on its 7.35% Powergrid Bond LXXVI Issue (issue size ₹1,200 Cr, ISIN: INE752E08734), due on 12-Mar-2026 for the period 12-Mar-2025 to 11-Mar-2026. The payment was made on the due date with no delays or changes in frequency. No redemption payments were due or made.

  • ·ISIN: INE752E08734
  • ·Interest payment frequency: Yearly
  • ·Interest payment record date: 25/02/2026
  • ·Date of last interest payment: 12/03/2025
  • ·No redemption payments due
UnknownCorporate Actionneutralmateriality 5/10

12-03-2026

Aptus Value Housing Finance India Ltd. announced record dates for interest payments on multiple series of secured, rated, listed Non-Convertible Debentures (NCDs) falling between April and June 2026, with due dates in April to July 2026. Principal redemption record dates are set for two series (INE852O07121 and INE852O07170) in May 2026, involving partial repayments. NCD series quantities range from 10,000 to 30,000 units, with no financial performance metrics or comparisons provided.

  • ·ISINs covered: INE852O07121, INE852O07139, INE852O07147, INE852O07154, INE852O07162, INE852O07170, INE852O07188, INE852O07196
  • ·Record dates for interest: Multiple dates in Apr-Jun 2026 (e.g., 20-04-2026, 04-04-2026, 15-04-2026)
  • ·Principal record dates: 21-05-2026 (INE852O07121), 08-05-2026 (INE852O07170)
  • ·Scrip Code: 543335; CIN: L65922TN2009PLC073881
UnknownDebt Securitiespositivemateriality 4/10

12-03-2026

IKF Finance Limited certified the timely payment of quarterly interest amounting to ₹3.48 Cr on its debentures (ISIN: INE859C07246) with an issue size of ₹150 Cr, due on March 12, 2026. The interest was paid on the actual due date, matching the record date of February 25, 2026, with no delays or changes in payment frequency. The last interest payment was made on December 12, 2025.

  • ·Scrip Code: 977108
  • ·Interest payment frequency: Quarterly
  • ·Interest payment record date: 25.02.2026
  • ·Due date for interest: 12.03.2026
  • ·Actual date for interest payment: 12.03.2026
  • ·Date of last interest payment: 12.12.2025
  • ·No change in frequency of payment

Get daily alerts with 12 investment signals, 10 risk alerts, 8 opportunities and full AI analysis of all 50 filings

🇮🇳 More from India

View all →
India Pre-Market Regulatory Roundup — March 13, 2026 | Gunpowder Blog